Risk factors and theory building: a study to improve passenger vessel safety

Given the inherent complexity of the maritime transportation system, developing effective policy can be challenging. Using risk factors identified by an elicitation and aggregation of expert judgment, a relative-risk rating scheme was developed in the theory-building tradition of the social sciences. The model was empirically evaluated using 18 months of data from the US small passenger vessel sector. The model identified that the top 10% of relatively highest risk vessels accounted for 50% of all marine casualties during the period of examination. A policy for deploying the model nationally is proposed.